Home Renovations

Figuring Out the Total Cost of Home Renovations

Based on the 2019 CIBC home and bathroom renovations Poll, approximately 49% of Canadians are planning to undergo house renovation for their property this year. On average, they allocate a $10,211 budget just for renovations alone. However, among those who already have their renovations completed, 39% of them end up spending more than their initial budget.
This just goes to show that renovations can easily get out of control, especially if certain factors are not carefully considered. That said, how much exactly should a …